The city of Lansing could soon get a nearly $6 million check from a developer who wants to buy one of the capital city’s old municipal golf courses.
The Waverly golf course has been closed since 2007. A few years ago, the city put the 120 acres up for sale. Now a Livonia developer is offering $5.8 million for the property on the city’s west side.
Mayor Virg Bernero credits an improving economy for the interest in the golf course and other parkland the city wants to put on the market.
“I think it is a good market and we should take advantage,” says Bernero, “and then be very careful with the use of the proceeds.”
Bernero wants to use proceeds from the sale to pay for improvements to other Lansing city parks. He also wants to put some of the money into the city’s reserve fund.
The Lansing City Council still must approve the sale. The developer, Schostak Brothers & Company, must also complete a 180-day period of due diligence before the sale can become final.
The city of Lansing currently has several other properties it’s looking to sell. Earlier this week, the city council approved putting two measures on the November ballot to allow the city to sell a pair of properties. The city continues to market an old apartment building near the state Capitol building.
Meanwhile, efforts continue to build a mixed residential-retail complex on the site of Lansing's old Red Cedar golf course.
